The Palms at 2800 apartments at 2800 University Blvd. S. sold Dec. 9 for $29 million. Quad Property Group of New York sold the property through QPG University Apartments LLC. The buyer was CK Management of Waterbury, Connecticut, through LYFE Jacksonville LLC.
The seller was represented by John Rutherford, senior vice president of Multifamily Investment Sales and Luke McCann, vice president of Multifamily Investment Sales at NAI Hallmark. Built in 1971, the 168-unit community sits on 8.6 acres. The per-unit price is $172,619.
Quad Property Group bought the apartments in December 2019 for $16.2 million from Carter Multifamily of Tampa. The Palms at 2800 has one- and two-bedroom units from 650 to 1,300 square feet, according to apartments.com. Monthly rents are $1,170 to $1,545.
Amenities include a grilling and picnic area, pool and clubhouse with Wi-Fi, fitness center, pet park and sauna. Management lives on the site and there is 24-hour maintenance.